Alchemy Pay completes upgrade of its virtual asset business under Hong Kong SFC Type 1 license.

CoinFeed reported on March 26 that Alchemy Pay announced the completion of its Hong Kong Securities and Futures Commission (SFC) Type 1 license upgrade with licensed institution HTF Securities, adding virtual asset trading services for professional and retail investors. The Type 4 license upgrade has already been completed, and the Type 9 license upgrade is still underway. The company stated that this move will strengthen its expansion strategy in Hong Kong for fiat currency deposits and withdrawals, stablecoins, and digital assets.